Get Mi W4

MICHIGAN WITHHOLDING EXEMPTION CERTIFICATE (Form MI-W4) Your employer is required to notify the Michigan Department of Treasury if you have claimed 10 or more personal or dependency exemptions or claimed that you are exempt from withholding.

For the 2022 income tax returns, the individual income tax rate for Michigan taxpayers is 4.25 percent, and the personal exemption is $5,000 for each taxpayer and dependent. An additional personal exemption is available if you are the parent of a stillborn child in 2022.

Form CF-W-4 — EMPLOYEE'S WITHHOLDING CERTIFICATE.

The key is to find the right balance. You are entitled to one allowance for yourself (line A), potentially bumped depending on your job situation (line B). You are also entitled to one allowance for your spouse (line C) and one allowance for each dependent you report on your tax return (line D).

By placing a “0” on line 5, you are indicating that you want the most amount of tax taken out of your pay each pay period. If you wish to claim 1 for yourself instead, then less tax is taken out of your pay each pay period.

To claim exempt, write EXEMPT under line 4c. You may claim EXEMPT from withholding if: o Last year you had a right to a full refund of All federal tax income and o This year you expect a full refund of ALL federal income tax. NOTE: if you claim EXEMPT you must complete a new W-4 annually in February.

If you have more than one job and are single, you can claim 2 at the first job and 0 at the second job. Alternatively, you can split your allowances, which means claim one at the first job and another at the second job.

A W-4 is the IRS document that you complete for your employer to determine how much should be withheld from your paycheck for federal income taxes. Accurately completing your W-4 can help you avoid overpaying your taxes throughout the year, or even owing a large balance at tax time.